The surge in tech stocks leads the S&P500 to its 44th record high! Unexpected acceleration in September usa CPI, what will be the next development in the usa market?
In the United States, the soft landing expectation of the economy has been raised by the labor market data, and the cooling off of the observation of an interest rate cut by the Federal Reserve Board (FRB), as well as investors continuing to prefer high-tech stocks in the AI boom, $S&P 500 Index (.SPX.US)$reached a new record high again. The September US Consumer Price Index (CPI) released yesterday showed a 2.4% year-on-year increase, exceeding expectations. The slowdown in the labor market was indicated, and the weekly initial jobless claims announced by the US Department of Labor for the week ending October 5th increased by 33,000 to 258,000, higher than the expected increase from the previous 225,000, reaching a high level not seen in 13 months.
On the other hand, many senior officials of the FRB are almost convinced that although the US inflation rate has not yet reached 2%, it is moving in the right direction, and they are not particularly concerned about the CPI inflation rate exceeding expectations in September.
On October 9, the major stock indices in the US market rose together, $S&P 500 Index (.SPX.US)$and $Dow Jones Industrial Average (.DJI.US)$reached a new record high at the closing price. On October 10, the S&P500 index slightly fell under pressure to exceed the expected CPI, but the closing price rose beyond the peak of 5780.05 points to 5767.37 points.This year, it has updated the all-time high for the 44th time.Done.
Among the constituent stocks of the S&P 500, semiconductor giants $NVIDIA (NVDA.US)$, developing software for big data analysis. $Palantir (PLTR.US)$, a major energy company in the United States $Constellation Energy (CEG.US)$In addition to doubling its stock price year-to-date, $GE Aerospace (GE.US)$the US network equipment manufacturer $Arista Networks (ANET.US)$、 $Oracle (ORCL.US)$semiconductor giant $Broadcom (AVGO.US)$US IT giant $Meta Platforms (META.US)$have all risen by over 67%, and these companies have all become winners of the AI boom.
$NVIDIA (NVDA.US)$has achieved a 6-day winning streak, approaching its all-time high again. The increase in demand for inference calculations in the "new chapter of the AI narrative" is expanding the company's chip demand. On the 8th, at an event called "AI Summit DC" in Washington, the company explained that 3 gigawatts (GW) of electricity would be needed for Blackwell to develop OpenAI's "GPT-4" software. Nvidia hasa new growth opportunityImplying bringing about.
In its report, Morgan Stanley pointed out the complexity of inference calculations and the demand showing exponential growth, especially noting that task-oriented ones are likely to bring new growth opportunities to Nvidia. Nvidia's full-stack solution has significant advantages in solving such complex problems. By 2024 and 2025, Nvidia's AI processor market share is expected to further increase, with shipments also anticipated to sustain growth.
In the past 10 years, the US stock market has seen many Ten-baggerstocks appear, and these tenfold stocks have brought rich returns to American stock investors. Among them, high-tech stocks have taken the lead. The AI semiconductor giant that was once the world's largest by market cap $NVIDIA (NVDA.US)$has grown 300 times in 10 years, $Advanced Micro Devices (AMD.US)$57 times, $Broadcom (AVGO.US)$28 times. $Tesla (TSLA.US)$、 $Amazon (AMZN.US)$、 $Taiwan Semiconductor (TSM.US)$、 $Netflix (NFLX.US)$Also recorded an increase of more than 10 times. $Apple (AAPL.US)$、 $Microsoft (MSFT.US)$In the competition for the top market capitalization, the stock price has nearly increased tenfold. Furthermore, pharmaceutical giant $Eli Lilly and Co (LLY.US)$has risen more than 16 times in 10 years, approaching a market capitalization of approximately 900 billion dollars.
好調な労働市場、回復力のある経済、そして緩和的な金融環境を背景に、米国株に対する楽観論が高まっている。昨日発表された9月の消費者物価指数（CPI）は予想を上回ったが、多くのFRB高官は、米国のインフレ率はまだ2％には達していないものの、正しい方向に進んでいるとほぼ確信しており、9月のCPIインフレ率が予想を上回ったことについてもさほど心配していないと述べた。
ゴールドマン・サックスのアナリスト、デービッド・コスティン氏は最近、堅調なマクロ経済の見通しによって利益率が向上すると予想し、S&P500種指数の今後1年間の利益成長見通しを上方修正した。コスティン氏は、S&P500指数の今後12ヶ月の目標値を6000ポイントから6300ポイントへと5％引き上げた。
BMOキャピタル・マーケッツによると、今年に入ってからの株価急騰がS&P500指数を20％押し上げたが、その急騰はまだ終わっていないと見ている。同社のチーフ・インベストメント・ストラテジスト、ブライアン・ベルスキ氏は、2024年末のS&P500種株価指数の予想を前回の5600ポイントから6100ポイントLast year, on Wall Street, [someone] raised the stock market forecast.One of the few individuals, Mr. Belski, who accurately predicted the stock market's rise.This year, Mr. Belski, who correctly predicted the stock market rise, has raised his forecast for the second time.
Mr. Belski points to the reasons for the bullishness, such as the Federal Reserve's monetary policy shift.
With the strong upward trend of US stocks, a prominent corner of Wall Street's major short sellers has also 'surrendered'.
Since October 2022, JP Morgan's strategist had maintained a bearish view on US stocks. However, according to a report released by the bank's Global Equity Strategy Head, Dubravko Lakos-Bujas, on Tuesday, it seems that the attitude is changing. Although this analyst has not updated the year-end target of 4200 points for the S&P 500 index (which implies a significant 27% drop from current levels), he recommends investing without overly pessimistic views on the market.
However, they are not entirely bullish on US stocks. The same strategist warns that depending on the results of the November US presidential election, there may be potential market volatility, and declining interest rates could adversely affect corporate earnings, especially in the financial sector.
Some analysts point out that the uncertainty of the US presidential election could increase market volatility. Investors also need to pay attention to the November US presidential election.
Source: Bloomberg, Reuters, moomoo
This article uses auto-translation in part.
moomoo news of individual stocks Zoe
This article uses auto-translation in part.
moomoo news of individual stocks Zoe
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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